In a large pot with a tight-fitting lid, place all ingredients and stir to combine. Cover and refrigerate for at least four hours, or overnight.

Uncover, stir, and place on stove over medium-high heat. Bring to a boil, then reduce to low, cover, and simmer for 90 minutes, stirring occasionally. Use a potato masher to break up any remaining large pieces of fig, then remove from heat.

Ladle preserves into sterilized jars, allowing 1/2-inch of space below the top. Wipe off any excess jam from top of jar with a clean towel, seat lid on top, and tighten rings.

Using canning tongs, place sealed jars onto rack in canning pot-bath, making sure that jars are covered by at least 2 inches of water. Boil for 10 minutes, then carefully remove each jar and place it in a safe place to cool overnight.

Once cool, check to make sure lids are sealed by pressing top of center of lid. If it makes a popping sound, then it is not sealed. Once lids are sealed, loosen rings and dry off any excess moisture. Replace rings and apply a label or tie on a gift tag.